Etiqueta: Seres

As China's electric vehicle (EV) market continues its rapid expansion, several Chinese companies have emerged with higher profitability than Tesla, drawing global attention. According to CleanTechnica on July 19, four Chinese automakers—Seres, BYD, Li Auto, and Great Wall Motor (GWM)—have outperformed Tesla's operating profit margin of 16.3%, gaini...

China's major automakers and some new carmakers have pledged to shorten supplier payment terms amid concerns about supply chain security.

Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.

AUSTIN, Texas (Reuters) -Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. BYD shook up China’s smart-EV industry earlier this year by offering its “God’s Eye” driver-assistance package for free, undercutting the technology Tesla sells for nearly $9,000 in China. “With God’s Eye, Tesla's strategy starts to fall apart,” said Shenzhen-based BYD investor Taylor Ogan, an American who has owned several Teslas and driven BYD cars with God’s Eye, which he called more capable than Tesla’s “Full Self-Driving” (FSD).

BYD's brand chief refuted recent allegations based on metrics including debt ratio, total debt, and payment cycles to suppliers.